President Ilham Aliyev: In 2014 economic development was ensured
Baku, January 4, AZERTAC
“In 2014 economic development was ensured. This is also very important because, as you know, the world is still undergoing a financial and economic crisis. Despite all this, the Azerbaijani economy is developing successfully, and this development is underpinned by our reforms,” said President Ilham Aliyev in his message of congratulation to the people of Azerbaijan on the World Azerbaijanis Solidarity Day and the New Year.
“It is no coincidence that the world’s most influential economic structure, the Davos World Economic Forum, ranks Azerbaijan in 38th place in terms of competitiveness. This is a great and historic achievement.”
The head of state said: “The development of the non-oil sector remains a priority for us. I am glad that this year our non-oil sector grew by almost 7 per cent. Investments worth $27 billion were made in the country's economy. This is also a very important event because there is a struggle for the attraction of investment in the world. In Azerbaijan, investments are at a high level. I am sure that it will also be the case next year.”
“The rate of poverty and unemployment is 5 per cent. This is a great indicator on a global scale. The foreign debt accounts for only 8 per cent of our gross domestic product. This is also a unique indicator. The macroeconomic situation is stable. Our foreign exchange reserves exceed $50 billion. The rate of the manat remains stable,” the Azerbaijani President added.
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